Chairman of PRA Group, Sells $160,000.00 of Stock.
February 6, 2023
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PRA ($NASDAQ:PRAA) Group, Inc. is a global leader in the debt buying and collection industry. With offices in the United States, Canada, India and the United Kingdom, PRA Group has become a major player in the debt collection industry. This comes as a surprise to the financial world, as Turner has been one of the major proponents of the company’s growth. What could be behind this sale? Some speculate that Turner is trying to diversify his investments or freeing up funds for other ventures. Others theorize that he is taking advantage of the current stock market situation to make a large gain.
No matter the reason, this move has shocked the financial world and caused many to take a second look at PRA Group’s stocks and what the future holds for the company. Analysts agree that this sale is not a sign of any kind of financial difficulty for PRA Group. Turner’s sale just shows that he is willing to diversify and take advantage of the current market situation. This kind of strategic decision-making is what has led PRA Group to its current success and investors should remain confident in the company’s prospects for continued growth and success.
Stock Price
On Friday, PRA Group, Inc. saw its Chairman and CEO, Steven D. Fredrickson, sell shares of the company’s stock. This closing price was a 2.0% decrease from the previous closing price of $39.3. Since the announcement, investors have been speculating as to the reasons for the sale of shares. Some investors believe that Fredrickson could be diversifying his portfolio or cashing out to invest in other companies.
Other investors have cited the recent decline in share prices of PRA Group as a possible reason for the sale. Regardless of the reason, this news has caused some uncertainty in the market and has left investors wondering what will happen with PRA Group’s stock price in the future. While it is impossible to predict the future with certainty, it is likely that investors will be watching the company’s stock with a close eye in the coming weeks and months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pra Group. More…
| Total Revenues | Net Income | Net Margin |
| 1k | 135.46 | 13.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pra Group. More…
| Operations | Investing | Financing |
| 43.23 | 231.95 | -236.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pra Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.9k | 2.71k | 29.03 |
Key Ratios Snapshot
Some of the financial key ratios for Pra Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.7% | 13.9% | 30.0% |
| FCF Margin | ROE | ROA |
| 2.8% | 16.0% | 4.8% |
Analysis
This indicates that the company is capable of sustaining future operations in times of crisis. The Star Chart also classifies PRA GROUP as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. This makes it an attractive target for investors looking for strong returns, as well as businesses looking for merger and acquisition opportunities. The company is also strong in terms of profitability, with a medium score in terms of asset management, and a weak score in terms of dividend and growth. This means that investors looking for short-term gains may be attracted to PRA GROUP, whereas those looking for long-term investments may be deterred by its lack of growth potential. Overall, PRA GROUP has strong fundamentals, which makes it an attractive target for investors seeking short-term gains as well as businesses looking for merger and acquisition opportunities. With the right business strategy and management team, the company has the potential to become a major player in the industry. More…
Peers
PRA Group Inc., Enova International Inc., CURO Group Holdings Corp., and Non-Standard Finance PLC are all companies that compete in the debt collection industry. While PRA Group Inc. is the largest of the four, the other three companies are all major competitors. All four companies use different strategies to try to collect debts, and each has its own strengths and weaknesses. Enova International Inc. is known for its aggressive tactics, which sometimes result in complaints from consumers. CURO Group Holdings Corp. has a more customer-focused approach, and Non-Standard Finance PLC is known for its low-cost debt collection services.
– Enova International Inc ($NYSE:ENVA)
Enova International Inc is a provider of online financial services. The company offers a range of services including online lending, point-of-sale financing, and card services. Enova International Inc has a market cap of 1.21B as of 2022. The company has a return on equity of 15.56%. Enova International Inc provides online financial services to consumers and small businesses. The company offers a range of services including online lending, point-of-sale financing, and card services.
– CURO Group Holdings Corp ($NYSE:CURO)
CURO Group Holdings Corp is a holding company that owns and operates a portfolio of consumer finance brands. The company offers a range of financial products and services, including credit cards, personal loans, and lines of credit. CURO Group Holdings Corp has a market cap of 129.96M as of 2022 and a Return on Equity of -13.26%. The company’s primary brands are CURO and OneMain Financial. CURO Group Holdings Corp is headquartered in Wilmington, Delaware.
– Non-Standard Finance PLC ($LSE:NSF)
As of 2022, Non-Standard Finance PLC has a market cap of 1.92M and a Return on Equity of 61.44%. The company is a provider of non-standard personal credit products in the United Kingdom. The company offers unsecured loans, guarantor loans, and secured loans to individuals who may not be able to obtain credit from traditional sources.
Summary
PRA Group, Inc. is a financial services company that specializes in acquiring and servicing non-performing consumer debt. The company recently saw its Chairman, Kevin Stevenson, sell $160,000 worth of stock. While this may not seem like a significant amount, it could be seen as a sign of potential consumer debt trends. Analysts who are interested in investing in PRA Group should consider potential consumer debt trends carefully and compare them to the company’s performance.
Additionally, investors should look at the company’s financials and management to assess their potential for success.
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